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Artificial Intelligence Technology Solutions (AITX) holds authorization level after 100-for-1 reverse split

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(Moderate)
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(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Artificial Intelligence Technology Solutions Inc. reported changes to its capital structure decisions. On March 2, 2026, it filed a definitive information statement seeking an Authorized Share Increase of Three Billion Eight Hundred Million (3,800,000,000) shares, from Twenty-Seven Billion Five Hundred Million (27,500,000,000) to Thirty-One Billion Three Hundred Million (31,300,000,000), for a total authorized capitalization of 31,320,000,000 shares including 20,000,000 shares of preferred stock. After a 100-for-1 reverse stock split was processed by FINRA on March 12, 2026, the Board unanimously decided not to proceed with this increase. The authorized capitalization instead remains at Twenty-Seven Billion Five Hundred Twenty Million (27,520,000,000) shares, comprising Twenty-Seven Billion Five Hundred Million (27,500,000,000) common shares and Twenty Million (20,000,000) shares of preferred stock.

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Insights

Company maintains prior share authorization after reverse split.

Artificial Intelligence Technology Solutions Inc. (AITX) outlined two linked corporate actions: a planned Authorized Share Increase and a 100-for-1 reverse stock split processed by FINRA on March 12, 2026. The Board ultimately chose not to move forward with the previously proposed increase.

The proposed change would have raised authorized shares by 3,800,000,000, from 27,500,000,000 to 31,300,000,000, for a total of 31,320,000,000 shares including 20,000,000 preferred shares. Instead, the company kept its existing structure of 27,520,000,000 authorized shares, made up of 27,500,000,000 common and 20,000,000 preferred.

This is a neutral governance development that clarifies the current share authorization following the reverse split. Future company filings may provide additional context on how the reverse split and existing authorization interact with any capital-raising or corporate finance plans.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Understanding 8-K Material Events →
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 12, 2026

 

ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
(Exact name of registrant as specified in its charter)

 

Nevada   000-55079   27-2343603

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

10800 Galaxie Avenue

Ferndale, MI 48220

(Address of principal executive offices)

 

(877) 787-6268
(Registrant’s telephone number, including area code)

 

Not Applicable
(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
N/A   N/A   N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

When used in this Current Report on Form 8-K, unless otherwise indicated, the terms the “Company,” “our,” or “we” refer to Artificial Intelligence Technology Solutions Inc. and its subsidiaries.

 

Artificial Intelligence Technology Solutions, Inc. is referred to herein as the “Company”, “we”, or “us”.

 

Item 8.01 Other Events

 

On March 2, 2026, we filed a Definitive Information Statement with the Securities and Exchange Commission (the Commission) for the approval of an Authorized Share Increase by Three Billion Eight Hundred Million (3,800,000,000) shares from Twenty-Seven Billion Five Hundred Million (27,500,000,000) to Thirty-One Billion Three Hundred Million (31,300,000,000) resulting in a total authorized capitalization of 31,320,000,000 shares, including 20,000,000 shares of Preferred Stock

(the “Authorized Share Increase).

 

On March 12, 2026, a Reverse Stock Split ratio of 100 for 1 was processed by FINRA. As a result of the Reverse Stock Split, on March 12, 2026, our Board of Directors unanimously voted to not proceed with the Authorized Share Increase. The authorized capitalization remains at Twenty-Seven Billion Five Hundred Twenty Million (27,520,000,000) shares, including Twenty-Seven Billion Five Hundred Million (27,500,000,000) common shares and Twenty Million (20,000,000) shares of Preferred Stock

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: March 12, 2026 ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
     
    /s/ Steven Reinharz
  Name: Steven Reinharz
  Title: Chief Executive Officer

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What capital structure change did AITX initially propose in this 8-K?

The company initially proposed an Authorized Share Increase of 3,800,000,000 shares, raising authorized shares from 27,500,000,000 to 31,300,000,000, for total authorized capitalization of 31,320,000,000 shares including 20,000,000 preferred shares, as described in its March 2, 2026 definitive information statement.

What reverse stock split did AITX implement on March 12, 2026?

On March 12, 2026, a 100-for-1 reverse stock split for Artificial Intelligence Technology Solutions Inc. was processed by FINRA. This means each block of 100 existing shares was consolidated into one share, simplifying the share count without changing the company’s overall equity value.

Did AITX proceed with the planned Authorized Share Increase after the reverse split?

No. After the 100-for-1 reverse stock split was processed on March 12, 2026, the Board of Directors unanimously voted not to proceed with the previously proposed Authorized Share Increase described in the March 2, 2026 definitive information statement.

What is AITX’s authorized share capitalization after these decisions?

Following the Board’s decision, authorized capitalization remains at Twenty-Seven Billion Five Hundred Twenty Million (27,520,000,000) shares, consisting of Twenty-Seven Billion Five Hundred Million (27,500,000,000) common shares and Twenty Million (20,000,000) shares of preferred stock, confirming no increase was implemented.

Why did AITX’s Board change course on the Authorized Share Increase?

The Board unanimously chose not to proceed with the Authorized Share Increase after the 100-for-1 reverse stock split was processed by FINRA on March 12, 2026. The filing links the decision directly to the completed reverse split, without providing additional detailed rationale.

What SEC form did AITX file to describe these share structure decisions?

Artificial Intelligence Technology Solutions Inc. used a Form 8-K to disclose these events. The filing covers the earlier definitive information statement for an Authorized Share Increase and the subsequent decision, after the March 12, 2026 reverse split, to keep authorized capitalization at prior levels.

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